Captainccs: so with novo you broke even in 3 years? Or am i reading wrong.
I’m still underwater with NVO.
Please see Sauls last post, i agree with him that i rather have my money not waiting to break even but making a proffit.
Of course I’d rather make money than break even. Who doesn’t? By the time the price of NVO collapsed the loss was there. The options were a) to hold on as an unrealized loss, or 2) to sell and have a realized loss. Nothing I or anyone could do would eliminate the loss.
NVO was still on the buy list. The thing to do was to see if at this new low price NVO is or not a buy. My conclusion, as stated in my earlier post, was that NVO was a good buy at that time at that low price. I actually added to the position on the big dip!
Didn’t someone say “buy the dip?”
Denny Schlesinger
BTW: I did reply amply to Saul’s (now deleted) post.